Cresset Asset Management LLC Acquires 10,474 Shares of Rocket Lab Corporation $RKLB

Cresset Asset Management LLC increased its holdings in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 75.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,374 shares of the rocket manufacturer’s stock after purchasing an additional 10,474 shares during the quarter. Cresset Asset Management LLC’s holdings in Rocket Lab were worth $436,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Versant Capital Management Inc increased its stake in Rocket Lab by 118.1% during the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer’s stock worth $28,000 after purchasing an additional 860 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in Rocket Lab during the 1st quarter worth approximately $29,000. Quarry LP bought a new stake in Rocket Lab during the 4th quarter worth approximately $48,000. Farther Finance Advisors LLC increased its stake in Rocket Lab by 181.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock worth $35,000 after purchasing an additional 1,226 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in Rocket Lab by 1,000.0% during the 4th quarter. NewEdge Advisors LLC now owns 1,925 shares of the rocket manufacturer’s stock worth $49,000 after purchasing an additional 1,750 shares in the last quarter. 71.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Matthew Ocko sold 820,000 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $26.01, for a total value of $21,328,200.00. Following the completion of the sale, the director owned 1,083,053 shares of the company’s stock, valued at approximately $28,170,208.53. This represents a 43.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Merline Saintil sold 6,353 shares of the firm’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $33.38, for a total value of $212,063.14. Following the sale, the director directly owned 419,569 shares of the company’s stock, valued at $14,005,213.22. This represents a 1.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,130,995 shares of company stock worth $29,686,039. 11.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus increased their target price on Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Citigroup reaffirmed a “buy” rating and set a $50.00 price target (up previously from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. Craig Hallum started coverage on Rocket Lab in a research report on Monday, July 28th. They set a “hold” rating and a $51.00 price target for the company. KeyCorp upped their price target on Rocket Lab from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price target (up previously from $45.00) on shares of Rocket Lab in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Rocket Lab has a consensus rating of “Moderate Buy” and an average price target of $42.27.

Rocket Lab Trading Up 6.9%

NASDAQ RKLB opened at $44.38 on Monday. The company has a market cap of $21.27 billion, a PE ratio of -98.62 and a beta of 2.17. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. Rocket Lab Corporation has a 12 month low of $5.74 and a 12 month high of $53.44. The stock has a 50 day moving average of $40.74 and a 200-day moving average of $28.81.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $144.50 million during the quarter, compared to analyst estimates of $135.42 million. Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

About Rocket Lab

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.